{"id":3194,"date":"2017-02-10T16:09:00","date_gmt":"2017-02-10T16:09:00","guid":{"rendered":"https:\/\/liquid.tech\/?post_type=news&p=3194"},"modified":"2024-08-05T10:13:37","modified_gmt":"2024-08-05T10:13:37","slug":"neotel_officially_becomes_part_of_the_pan-african_liquid_intelligent_technologies_group","status":"publish","type":"news","link":"https:\/\/liquid.tech\/es\/about-us\/news\/neotel_officially_becomes_part_of_the_pan-african_liquid_intelligent_technologies_group\/","title":{"rendered":"Neotel officially becomes part of the pan-African Liquid Intelligent Technologies Group"},"content":{"rendered":"

Launch day marks new era of investment in Neotel\u2019s network and services<\/strong><\/p>\n\n\n\n

South African communications network operator Neotel has today officially become part of the pan-African telecoms group Liquid Intelligent Technologies, marking a new era of investment in Neotel\u2019s network and services across South Africa.<\/p>\n\n\n\n

Through substantial new capital from Liquid Intelligent Technologies, a revitalised Neotel will emerge on the South African market with significantly enhanced service offerings for enterprises and consumers.<\/p>\n\n\n\n

Over the coming months, Liquid Intelligent Technologies plans to make extensive upgrades and expansions to Neotel\u2019s network, delivering greater levels of high-speed connectivity to more customers across South Africa.<\/p>\n\n\n\n

Liquid Intelligent Technologies also plans to make substantial investment in Neotel\u2019s data centre capabilities, which currently include two Tier 3 designed state-of-the-art data centres in Johannesburg and Cape Town.<\/p>\n\n\n\n

For the first time, Neotel\u2019s operations and focus will also become pan-African. Its network in South Africa will link together with Liquid Intelligent Technologies\u2019s extensive fibre footprint to offer access via a single connection to over 40,000km of cross border, national and metro fibre networks. This will give Liquid Intelligent Technologies unrivalled reach across Eastern, Central and Southern Africa.<\/p>\n\n\n\n

Nic Rudnick, Group CEO of Liquid Intelligent Technologies, at the official Neotel launch<\/p>\n\n\n\n

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\u201cI am delighted to officially welcome Neotel into the Liquid Intelligent Technologies Group,\u201d says Nic Rudnick, Group CEO of Liquid Intelligent Technologies. \u201cToday is an important new chapter for Neotel. The refinancing of the company\u2019s balance sheet will see a revitalised Neotel enter the market with the ability to offer consumers and businesses greater quality services and products delivered through world-class networks. As Liquid Intelligent Technologies continues to grow, we are committed to maintaining our entrepreneurial spirit, encouraging innovation and delivering on our vision of a more connected Africa.\u201d<\/p>\n\n\n\n

Liquid Intelligent Technologies and 30% equity partner Royal Bafokeng Holdings (RBH), a community-based South African investment group, have been preparing for the integration of Neotel since receiving\u00a0regulatory approval for the ZAR 6.55 billion acquisition<\/a>\u00a0in December 2016.<\/p>\n\n\n\n

Key facts about Liquid Intelligent Technologies\u2019s acquisition of Neotel:<\/strong><\/p>\n\n\n\n